Recently I spoke with a couple who wanted to know whether or not I thought long-term care insurance was a ripoff. The answer I gave them might surprise you.
Annuity creates surprise tax bill
Someone, most likely an annuity salesperson, may have told you an annuity is a good way to reduce your income taxes. Well, here’s a situation we came across where an annuity created a huge tax bill that came as a big surprise to the family.
Entire IRA lost due to a distribution error
Trusts are complicated. IRA required minimum distribution rules are complicated too. When you mix the two together by naming a trust as an IRA beneficiary, bad things can happen. Here’s an example…
Wondering why your returns didn’t come close to what the market did last year
In 2014 the S&P 500 returned about 11.4% and yet most investors came nowhere near these returns. Here’s why…